Wed, 21 Feb 2018 07:45:22 +0000 …for demanding accountability and good corporate governance By NATION REPORTER THE chairperson of the Saturnia Regna Pension Fund Ms. Doreen Kabunda was hounded out of her position by the cabal that has captured the multi-employer pension scheme with the full knowledge of the Pension and Insurance Authority because she demanded accountability and good corporate governance. Correspondence availed to the Daily Nation indicates that Ms. Kabunda was forced to resign after she wrote to all participating employers informing them that the Trustees were reviewing the performance of the fund and were taking actions to improve the governance structures. “The state of affairs where we have an administrator, fund manager and property manager all being related parties under one umbrella is not in line with best practice, “This structure continues to pose challenges in terms of providing checks and balances, oversight and performance accountability,” the letter dated October 3, 2016 states. […]
